![\"\"](\"https:\/\/insurancekhabar.com\/wp-content\/uploads\/2026\/07\/hastantaran.png\")
<\/p>\n","protected":false},"excerpt":{"rendered":"Kathmandu. KATHMANDU: Nepal Insurance Authority (NEA) has directed the life insurance companies to pay the maturity claims of the children insurance policies of the Nepalese living abroad. <\/p>\n
The NRA has issued a circular in the name of life insurance companies and micro life insurance companies directing them to pay the claim as per the Insurance Act, 2079 and Insurance Rules, 2081 after receiving complaints that the claims have not been paid after the maturity of the insurance policy. <\/p>\n
The insured and the insured’s families have been complaining that they have not received the claim payment as their children have taken insurance policies while living in Nepal and went abroad as a child. Some families may have already obtained citizenship from the country they visited. Now, due to the lack of a national identity card from Nepal, the payment of the claim of the child insurance policy has been stopped. The amount to be paid for claim payment is piled up with the insurance companies. <\/p>\n
Due to this problem, the insured and the insured’s family have complained to the NRA that the claim has not been paid. In order to address the same complaint, the authority has directed the companies to provide the claim payment to the person who has given the authority or transferred the right to the insurance policy, subject to the provisions mentioned in Section 127 (3) of the Insurance Act and Rule 22 of the Insurance Rules. <\/p>\n
Sub-section (3) of Section 127 of the Insurance Act states, “Notwithstanding anything written, if the insured has authorised the insurance policy to any person, the authority to receive the amount for the insurance claim up to the extent of such authority is reserved to the authorized person.” <\/p>\n
Similarly, Rule 22 of the Insurance Regulations has a provision regarding the transfer of the right to the insurance policy. It states that the insured shall make a request to the insurer with valid reason for handing over the right to the insurance policy before handing over the right to the policy, and if such reason is found appropriate, the insurer may hand over the right to the insurance policy as demanded by such an insured. <\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. KATHMANDU: Nepal Insurance Authority (NEA) has directed the life insurance companies to pay the maturity claims of the children insurance policies of the Nepalese living abroad. The NRA has issued a circular in the name of life insurance companies and micro life insurance companies directing them to pay the claim as per the Insurance […]<\/p>\n","protected":false},"author":16,"featured_media":306091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45152,45159,45099],"tags":[],"class_list":["post-308185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-life-insurance-en","category-news-en","category-regulatory-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/308185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=308185"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/308185\/revisions"}],"predecessor-version":[{"id":308186,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/308185\/revisions\/308186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/306091"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=308185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=308185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=308185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}